The study undertaken by ICT research in conjunction with advisory firm XMG reveals that the country is expected to generate revenue of $41.1 billion by the end of this fiscal. The study also states that Philippines will acquire 1.4% of the total global market.
XMG founding president and chief analyst Lauro Vives says, "The Philippine outsourcing industry has far exceeded all analyst expectations. The Philippines is experiencing an unprecedented growth rate of 62 percent CAGR, and will surpass Malaysia."
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